The trend in any economic system over time is going to be for those with wealth to extract more from those without it. Ultimately, the end game is either going to be cyclical revolution / violence, or some sort of redistributive tax scheme.
There's no abstract plan that lets Bill Gates own all of the nation's farm land, and lets Blackrock clear-cut all of the forests of the Amazon jungle, and lets Michael Bloomberg mass-arrest protesters of his political party after buying his way into office, and/or lets Google cover the landscape with armed ai-drone protected company towns.
That said, the only reason DNC senators have proposed such a thing is that they have Manchin and Sinema to prevent it from actually being voted on by the 30 other DNC senators who would also oppose it for the sake of their donors.
> That said, the only reason DNC senators have proposed such a thing is that they have Manchin and Sinema to prevent it from actually being voted on by the 30 other DNC senators who would also oppose it for the sake of their donors.
No the only reason this bill is being proposed is because Sinema was a hard "no" on the corporate tax rate hike that was in the original bill, but she was amenable to Warren's 'Billionaire tax.'
> No the only reason this bill is being proposed is because Sinema was a hard "no" on the corporate tax rate hike that was in the original bill, but she was amenable to Warren's 'Billionaire tax.'
And she'll be off to have a fundraiser with the people who want her to oppose this directly, I'm sure. And collect half on behalf of DNC PACs.
There's no abstract plan that lets Bill Gates own all of the nation's farm land, and lets Blackrock clear-cut all of the forests of the Amazon jungle, and lets Michael Bloomberg mass-arrest protesters of his political party after buying his way into office, and/or lets Google cover the landscape with armed ai-drone protected company towns.
That said, the only reason DNC senators have proposed such a thing is that they have Manchin and Sinema to prevent it from actually being voted on by the 30 other DNC senators who would also oppose it for the sake of their donors.